Twitter, Inc. is a global platform for public self-expression and conversation in real time. It provides various products for users. The stock has been very strong this morning and I want to put on a risk vs reward trade as the stock breaks the Ichimoku Cloud on the 5 minute bar. I was trying to buy stock at $54.90, but chased it up to $55.10. I think TWTR has too much pressure, but I always want to define my risk vs reward set-up.
The Trade: Buy 3,000 Shares at $55.10
STOP LOSS: $53.90
Target #1: $55.70
Target #2: $56.30
Once hit Target #2 can move Stop to Breakeven
Target #3: $56.90
Target #4: $57.90
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